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NCR Buys StopLift To Prevent Retail Fraud

PYMNTS

“In addition to creating new value for our retail customers around the world, StopLift’s fraud detection technology will be a key enabler of our frictionless commerce product strategy.”.

Retail 144
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COVID-19 Scams Target The Business Community

PYMNTS

government's inability to curb the risk of fraud that emerged during the first round of PPP funding. According to the WSJ, nearly 1,500 firms are facing allegations of fraud after receiving a combined $2 billion in federal stimulus aid, while an additional 432 companies are said to have laid off staff after receiving their PPP loans.

Community 219
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Payfone Nabs $24M In Funding; Partners With TransUnion

PYMNTS

The funding also included participation from existing investors Synchrony, MassMutual Ventures, Massachusetts Mutual Life Insurance Company and Wellington Management. “The fear of identity fraud and cyberattacks holds the digital economy back from its full potential,” said Rodger Desai, CEO of Payfone, in a press release.

Fraud 116
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New Cyberattacks Aim for ATM Management Systems

Independent Banker

It’s called ATM cash-out fraud, and it’s a new data security threat where physical attacks and cyberattacks converge. The software might spy on an employee’s activity to steal his or her passwords to burrow deeper into the bank’s network and ATM management system. Maria Korolov is a freelance writer in Massachusetts.

ATM 93
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Ex-State Street Execs Charged In Defrauding Scheme

PYMNTS

The pair charged — Ross McLellan and Edward Pennings — face a five-count indictment, touching on conspiring to commit securities fraud and wire fraud and also two counts apiece of securities and wire fraud. The indictment itself alleges that the two — during a timeframe that stretched between Feb. 2010 and Sept. 2010 and Sept.

Fraud 100
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NJ Lawmakers: Brick-And-Mortars Must Accept Cash

PYMNTS

Additional violations would fall under the consumer fraud act, which means retailers could face penalties of up to $20,000. So far, only Massachusetts has a law banning cashless stores. Managing cash and handling cash is time-consuming and cumbersome. That’s certainly not our aim.”.

NJ 133
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Main Street SMBs, Digital AP, GoodRx’s IPO Tops This Week’s News

PYMNTS

Mastercard has grown its Digital-First Card Program in North America as demand rises for digitally-driven money management offerings. Massachusetts-based accounts payable (AP) automation technology firm MineralTree Inc. Report: Hanging Up The Phone On Mobile Remittance Fraud. Time on Tuesday (Sept. 22) at the earliest.

Maine 153